Petrofac, Gazprom unit get 340 mln euros contract in Turkey

Petrofac will provide engineering, procurement and construction services for the terminal with Netherlands-based South Stream Transport BV. The terminal will be ready for commercial operations by December 2019.REUTERS | September 05, 2017, 14:35 IST

Oilfield services company Petrofac Ltd secured a 340 million euros ($404.7 million) contract along with a unit of Gazprom to develop onshore pipelines and a gas receiving terminal in Turkey.

Petrofac will provide engineering, procurement and construction services for the terminal with Netherlands-based South Stream Transport BV. The terminal will be ready for commercial operations by December 2019.

“To save the environment and to fight climate change, my government has planned a major campaign. By 2022, we want to generate 175 GW of renewable energy. In the last three years, we have already achieved 60 GW or around one-third of this target,” he said.